7832 E Northshore DrSault Sainte MarieMI49783
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Sault Sainte Marie at 7832 E Northshore Dr, Sault Sainte Marie, MI, 49783 generates $1,913/mo in rent and, after a $847/mo payment, leaves $772/mo in cash flow. Total monthly income is $1,913/mo, and annual cash flow is $9,263/yr on $57,350 invested. Return on cash invested sits at 36.06% in year one, and rental yield is 13.27% on a $173,000 entry. Equity gained on principal adds $1,116/yr, while 5% annual appreciation builds toward $47,797 over five years. Five-year ROI reaches 189.98% and total cumulative return in cash sums $108,951. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,913/mo property income rather than buyer’s personal income.
Single Family
Built in 1990
80 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49783, Sault Sainte Marie, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,064 (100%) |
| Owner Occupied HU | 5,407 (59.7%) |
| Renter Occupied HU | 2,442 (26.9%) |
| Vacant Housing Units | 1,215 (13.4%) |
| Median Home Value | $160,218 |
| Average Home Value | $183,626 |
Housing Distribution
Address Breakdown
Residential
8,365
Single Family
7,421
Multi-Family
944
Businesses
807
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Nearby investment properties with comparable prices
Listed by: MICHAEL GILLHOOLEY • Smith & Company Real Estate
Mls Name: EUPBR
Mls Provider:
Mls ID: #25-480
Disclaimer: Copyright Eastern Upper Peninsula Board of Realtors. All rights reserved. Information is deemed reliable but not guaranteed. The listing brokers offer of compensation is made only to participants of the MLS where the listing is filed.